All Compliance Week articles in Web Issue – Page 308
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Google to pay $1B to resolve French tax disputes
Google will pay $1 billion in penalties and back taxes, putting to an end a pair of investigations in France into whether the tech giant properly declared the full extent of its activities in the country.
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CFTC orders chief compliance officer to pay $150K for fraud
The CFTC has ordered a chief compliance officer to pay $150,000 for engaging in fraudulent acts and making false statements to a self-regulatory organization.
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What banking CCOs need to know about new terrorist funding order
Impacted financial institutions, including cryptocurrency exchangers, may want to review know-your-customer policies and anti-money laundering compliance in light of President Trump’s executive order.
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Labor Department enforcement action comes with compliance warning
Lloyd Industries has been ordered to pay $1 million in lost wages and punitive damages to two former employees who were fired in retaliation for their participation in a federal safety investigation, the Department of Labor announced.
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EY analysis: Audit committees increasing their disclosures to shareholders
Audit committees continue to increase the amount of disclosures they are providing to shareholders across a wide variety of categories, according to a recent analysis conducted by EY.
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American Riviera Bank names chief compliance and risk officer
American Riviera Bank has named Laurel Sykes as executive vice president, chief compliance and risk officer.
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Pangea Money Transfer appoints chief compliance officer
Pangea Money Transfer, a mobile-centric money-transfer platform, announced it has appointed Alex Levine as general counsel and chief compliance officer.
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James Daly retiring from SEC
James Daly, Division of Corporation Finance Associate Director, will retire at the end of September after more than 38 years of service with the SEC.
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Fishy business: StarKist to pay $100M for tuna price fixing
StarKist must pay a criminal fine of $100 million, the statutory maximum, for its role in a conspiracy to fix prices for canned tuna sold in the United States.
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Spotify chief accounting officer resigns
Spotify Technology, a Swedish media-services provider, disclosed in a filing with the SEC that Luca Baratta will resign from his position as chief accounting officer.
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Uber, Lyft among companies trying to stymie California employment bill
As legislation that would classify many freelance workers as employees instead of contractors nears passage in California, a few companies that would be most impacted are trying to preserve the gig economy.
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Ex-KPMG leader atop 'chain of corruption' gets a year and a day in jail
A former KPMG leader was sentenced to one year and one day in federal prison and three years of supervised release for his role in a scheme to subvert the regulatory inspection process.
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Merrill Lynch to pay $300K for failing to ‘promptly’ produce audit trail data
Merrill Lynch must pay a $300,000 civil monetary penalty for failing to promptly produce to the CFTC certain required records and, separately, failing to supervise its employees and agents.
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PCAOB sanctions Marcum over auditor independence issues
The PCAOB has settled disciplinary actions with audit firm Marcum, an affiliated firm, and its former auditor independence leader over independence violations.
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Vestager keeps competition role in new Commission
Margrethe Vestager is staying put as Europe’s leader in the fight against anti-competitive practices, with a continued focus on Big Tech.
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Assent Compliance to expand to Amsterdam, Malaysia
Assent Compliance announced it is continuing its worldwide expansion with new regional hubs in Amsterdam, Netherlands, and Penang, Malaysia.
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WolfPAC, Maple Street partner on vendor management
WolfPAC Integrated Risk Management and Maple Street announced a partnership designed to provide clients an enhanced, full-service vendor management system.
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Compliance.ai to join WesPay
Compliance.ai announced it is joining WesPay’s 1,000 financial industry members.
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Deloitte, Workiva partner on financial reporting
Deloitte has announced an alliance with Workiva designed to improve financial and managerial reporting.
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States sue SEC over Reg BI
Seven states and the District of Columbia have filed a lawsuit against the SEC in an effort to block the regulator’s recently approved Regulation Best Interest rule package.